Insider Selling: Rank One Computing (NASDAQ:ROC) Major Shareholder Sells $4,104,000.00 in Stock

Rank One Computing Corp. (NASDAQ:ROC) major shareholder Scott Jeffrey Klum sold 1,200,000 shares of the stock in a transaction that occurred on Wednesday, September 30th. The stock was sold at an average price of $3.42, for a total value of $4,104,000.00. Following the transaction, the insider owned 1,752,560 shares in the company, valued at $5,993,755.20. The trade was a 40.64% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Large shareholders that own at least 10% of a company’s stock are required to disclose their transactions with the SEC.

Rank One Computing Price Performance

Shares of ROC stock opened at $4.09 on Monday. The firm has a 50 day moving average of $4.30 and a 200-day moving average of $5.14. The company has a market cap of $78.04 million and a price-to-earnings ratio of -18.59. Rank One Computing Corp. has a 52 week low of $3.71 and a 52 week high of $7.80.

Rank One Computing (NASDAQ:ROC) last issued its earnings results on Thursday, August 13th. The company reported ($0.04) earnings per share (EPS) for the quarter. The company had revenue of $5.09 million for the quarter.

Analyst Upgrades and Downgrades

A number of analysts recently commented on the company. Craig Hallum started coverage on Rank One Computing in a research report on Monday, September 28th. They issued a “buy” rating and a $6.50 target price for the company. Weiss Ratings raised Rank One Computing from a “sell (e-)” rating to a “sell (e)” rating in a research note on Monday, August 3rd. Finally, Benchmark reaffirmed a “buy” rating on shares of Rank One Computing in a research report on Friday, August 14th. Two investment analysts have rated the stock with a Buy rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, Rank One Computing has an average rating of “Hold” and an average price target of $7.75.

Rank One Computing Company Profile

Rank One Computing, Inc develops computer-vision and artificial-intelligence software focused on biometric recognition and identity-related applications. Its technology is designed to help organizations analyze images and video, identify individuals or objects, and automate visual data processing.

The company’s offerings include facial-recognition and image-matching tools, as well as software intended for use in security, law enforcement, government, and commercial settings. Rank One Computing emphasizes configurable solutions that can be deployed in cloud, on-premises, or edge-computing environments, depending on customer requirements.

Publicly available information about Rank One Computing’s corporate history, geographic reach, and leadership is limited.